Jefferies Financial Group Reaffirms “Hold” Rating for Land Securities Group (LON:LAND)

Jefferies Financial Group restated their hold rating on shares of Land Securities Group (LON:LAND) in a research report report published on Tuesday, Marketbeat Ratings reports. The brokerage currently has a GBX 550 ($6.87) target price on the stock.

Other analysts have also issued reports about the stock. Berenberg Bank cut their target price on shares of Land Securities Group from GBX 755 ($9.44) to GBX 746 ($9.32) and set a “buy” rating on the stock in a research note on Wednesday, December 4th. Shore Capital restated a “hold” rating on shares of Land Securities Group in a report on Tuesday.

Land Securities Group Stock Performance

LON:LAND opened at GBX 565.66 ($7.07) on Tuesday. Land Securities Group has a 52 week low of GBX 556.50 ($6.96) and a 52 week high of GBX 729.40 ($9.12). The company has a fifty day simple moving average of GBX 606.45 and a two-hundred day simple moving average of GBX 628.08. The company has a quick ratio of 0.54, a current ratio of 0.42 and a debt-to-equity ratio of 58.63. The company has a market cap of £4.21 billion, a price-to-earnings ratio of -1,315.49, a price-to-earnings-growth ratio of 12.39 and a beta of 1.44.

Land Securities Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Thursday, November 28th will be given a dividend of GBX 9.40 ($0.12) per share. This represents a dividend yield of 1.62%. The ex-dividend date of this dividend is Thursday, November 28th. This is a positive change from Land Securities Group’s previous dividend of $9.20. Land Securities Group’s dividend payout ratio (DPR) is -9,302.33%.

About Land Securities Group

At Landsec, we build and invest in buildings, spaces and partnerships to create sustainable places, connect communities and realise potential. We are one of the largest real estate companies in Europe, with a £12 billion portfolio of retail, leisure, workspace and residential hubs. Landsec is shaping a better future by leading our industry on environmental and social sustainability while delivering value for our shareholders, great experiences for our guests and positive change for our communities.